Banks and alternative lenders

The lending market has changed dramatically since 2009 with the rise of alternative lenders who are now entrenched in the market alongside the banks. We have taken our long-standing bank lender and fund formation practices and now provide an unrivalled offering to banks and credit funds looking to raise, leverage and deploy capital alone or together.

For our bank clients, we work alongside in-house counsel in dealing with their corporate legal issues and also with their deal teams on their lending activity and their partnerships (on a deal or ongoing basis) with other market participants. We understand the requirements of our clients but also, crucially, the structures and funds they are lending to and the assets against which their loans are secured.

For alternative lenders, we seek a symbiotic relationship, assisting them on raising funds, with their leverage needs, on the hedging of their commitments and investments and, last but not least, on their deployment of capital. Our all-round offering to credit funds is, we believe, unrivalled.

For all lenders, we assist when loans become stressed and distressed, helping them protect their investment and recover their capital.

Expertise:

Recent work

Cordet Capital

Advising Cordet Capital on a number of leveraged and acquisition financings.

Hayfin Capital

Advising Hayfin Capital on second lien facilities to refinance a sponsor backed buy-out in the healthcare sector.

Cross Ocean Partners

Advising Cross Ocean Partners on a range of credit facilities.

Shawbrook Bank

Advising Shawbrook Bank on borrowing base facilities made available to First Stop Loans, 118 118 money and MSP Capital.

Goldman Sachs Private Capital Group

Advising Goldman Sachs Private Capital Group on a number of deals across the leverage finance, structured finance and specialty finance markets.

LaSalle Investment Management

Advising LaSalle Investment Management as mezzanine lender, regarding an investment facility provided to the Ability Group, originally entered into for the acquisition of two hotels operated by Hilton. We also advised on a new mezzanine development facility for the extension of one of the hotels.

17Capital LLP

Advising 17Capital LLP on a number of its structured fund finance transactions.

What people are saying

"The 'excellent group' has significant client relationships with many UK and leading overseas retail and investment banks, and has a strong reputation for high-profile investment banking and financial services disputes'."

The UK Legal 500 2017

"The team 'has expertise in sensitive City-based and cross-border investigations and regulatory matters, and acts in financial crime matters, such as bribery, money laundering and sanctions'."

The UK Legal 500 2017

"'Praised for its knowledge of current market trends', Macfarlanes LLP provides a 'responsive' and 'high-quality service'."

The UK Legal 500 2017

Awards

Macfarlanes offers a combination of high-end corporate capability and leading private client expertise which is unique in the London market.
REFRESH